Wells Fargo & Company $WFC Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC lowered its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 18.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,861 shares of the financial services provider’s stock after selling 130,900 shares during the period. Advisors Capital Management LLC’s holdings in Wells Fargo & Company were worth $50,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Access Investment Management LLC acquired a new stake in Wells Fargo & Company in the second quarter worth about $25,000. Marquette Asset Management LLC raised its position in shares of Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after buying an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company during the 3rd quarter worth about $30,000. Kilter Group LLC acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter worth approximately $31,000. Finally, Main Street Group LTD boosted its holdings in shares of Wells Fargo & Company by 36.9% in the third quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $87.35 on Wednesday. The stock’s fifty day simple moving average is $91.71 and its 200 day simple moving average is $86.04. The stock has a market capitalization of $274.20 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.95 and a beta of 1.09. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.Wells Fargo & Company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. As a group, sell-side analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is 28.71%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WFC shares. Barclays raised their price objective on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Dbs Bank upgraded Wells Fargo & Company to a “moderate buy” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Freedom Capital lowered Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Finally, TD Cowen lowered their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.03.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Wells Fargo acted as lead agent on a $1.25 billion senior secured global asset‑based revolving credit facility for City Electric Group — a win for the bank’s syndicated lending and capital‑markets fees and a sign of continued corporate financing activity. Read More.
• Positive Sentiment: Baird upgraded Wells Fargo to Neutral (from Underperform), citing that recent sell‑off has improved risk/reward even though its $85 target was unchanged — analyst upgrades can lift sentiment and attract buyers after a pullback. Read More.
• Neutral Sentiment: FT’s feature examines Wells Fargo’s ambitions in investment banking — the strategy could expand fee revenue over time but faces long odds against entrenched competitors and will take years to move the needle. Investors should view this as a strategic positive with long execution risk. Read More.
• Neutral Sentiment: Medalist Diversified REIT announced changes including ending REIT status; filings note Wells Fargo in a lender role — this highlights WFC’s lending exposure to specialty real‑estate borrowers, but the item does not currently signal material credit loss. Read More.
• Neutral Sentiment: Wells Fargo research continues to publish coverage updates (e.g., holds/ratings on other companies such as Enterprise Products and Molson Coors) — this is standard broker activity that supports recurring research revenue but has limited direct impact on WFC’s fundamentals. Read More.
• Negative Sentiment: NAHB/Wells Fargo Housing Market Index unexpectedly dipped to a five‑month low in February, suggesting softer homebuilding sentiment — weaker housing activity can pressure mortgage originations, F&I income and related loan demand at Wells Fargo. Read More.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.